Point72 Asia Singapore Pte. Ltd. Invests $474,000 in Pinterest, Inc. (NYSE:PINS)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,343 shares of the company's stock, valued at approximately $474,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PINS. Whipplewood Advisors LLC bought a new position in Pinterest in the 4th quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of Pinterest by 401.3% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock worth $44,000 after acquiring an additional 1,204 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock worth $50,000 after acquiring an additional 590 shares during the period. Huntington National Bank grew its position in shares of Pinterest by 484.1% in the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock valued at $59,000 after purchasing an additional 1,680 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in shares of Pinterest by 98.5% during the 4th quarter. CoreCap Advisors LLC now owns 2,096 shares of the company's stock valued at $61,000 after purchasing an additional 1,040 shares during the period. Institutional investors own 88.81% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PINS. Barclays dropped their price objective on Pinterest from $42.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, May 9th. BMO Capital Markets cut their price objective on Pinterest from $46.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Roth Capital set a $32.00 price objective on shares of Pinterest in a research report on Monday, February 3rd. Monness Crespi & Hardt dropped their target price on shares of Pinterest from $50.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Bank of America cut their price target on shares of Pinterest from $46.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, Pinterest has an average rating of "Moderate Buy" and a consensus target price of $40.26.

Insider Buying and Selling at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $27.00, for a total value of $31,050.00. Following the transaction, the director now owns 26,786 shares in the company, valued at approximately $723,222. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Benjamin Silbermann sold 408,332 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $33.16, for a total value of $13,540,289.12. Following the completion of the transaction, the director now owns 6,274 shares of the company's stock, valued at $208,045.84. This represents a 98.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 862,168 shares of company stock valued at $28,368,681. Corporate insiders own 7.06% of the company's stock.

Pinterest Trading Down 1.7%

NYSE PINS traded down $0.55 on Monday, hitting $32.02. The company's stock had a trading volume of 11,091,277 shares, compared to its average volume of 10,735,791. The firm has a market cap of $21.72 billion, a P/E ratio of 11.90, a PEG ratio of 1.95 and a beta of 0.83. The company's 50-day simple moving average is $28.72 and its 200 day simple moving average is $31.22. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The firm had revenue of $854.99 million for the quarter, compared to analysts' expectations of $848.49 million. Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The firm's revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the company posted $0.17 EPS. On average, research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Pinterest Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.